Tag Archives: CARES Act

Public Policy Daily Briefing – July 1, 2020

Senate Republican leaders have begun to lift the veil on their plans for the next coronavirus response package, acknowledging in a news conference Tuesday that they will support opening the coffers next month to provide another round of aid. The timetable set by Senate Majority Leader Mitch McConnell (R-KY) and other Senate GOP leaders means … Continue Reading

Cheat Sheets: US Congressional Response to COVID-19 – Federal Reserve Lending Facilities

As Congress considers a fourth phase of COVID-19 response legislation, we prepared a comprehensive “cheat sheet” analyzing all of Congress’ COVID relief measures to date.… Continue Reading

Department of Justice Lacks Capacity to Pursue Fraud-related CARES Act Cases

In an article published in Bloomberg Law, we observed that despite Congress’s determination to hold recipients of CARES Act funds accountable, there is likely to be a significant gap between the expected oversight activity, and the capacity of the Department of Justice to, where merited, follow up with criminal prosecution or civil action on fraud … Continue Reading

Public Policy Daily Briefing – June 22, 2020

With summer officially underway in America and the number of new coronavirus cases in the US continuing to rise, President Donald Trump is doubling down on immigration restrictions imposed during the nation’s COVID-19 lockdown. Proponents of increased federal aid to states, territories and municipalities are gaining an important new ally as policymakers look ahead to … Continue Reading

New PPP Legislation Improves Borrower Flexibility – Senate Committee Insists on Disclosure of PPP Recipients and Related Data

On June 5, 2020, President Donald Trump signed into law a bill, the Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010), that will give borrowers of the US$670 billion PPP more time to spend the PPP proceeds and use them on a broader range of expenses while still qualifying to have the loans forgiven. … Continue Reading

Redefined by COVID-19 and Shaped by Current Events: What’s Ahead for US Federal Appropriations

How has COVID-19 altered the US federal appropriations process? What steps is Congress taking to adopt must-pass fiscal year 2021 spending bills? Will the United States experience another government shutdown this year? Attention in Congress will soon turn to the annual appropriations process and passage of fiscal year 2021 spending bills.  In addition to funding … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – June 1, 2020

The Federal Reserve is set to begin providing emergency loans to midsize businesses as soon as this week through the US$600 billion Main Street Lending Program (MSLP) established by the March 27 Coronavirus Aid, Relief and Economic Security (CARES) Act. The US Senate is preparing to return to Washington, DC to resume legislative activity, including … Continue Reading

COVID-19: US Developments – Implementation and Oversight of CARES Act – May 29, 2020

The stay-at-home order in the nation’s capital has been lifted, while the debate continues in the United States Congress about the scope, timing and focus of the next major bipartisan federal COVID-19 response legislation. Stymied in their efforts to force quick congressional approval of another massive package, Washington Democrats are keeping busy by passing targeted … Continue Reading

Transatlantic Trade: US and European Trade Talk Update – May 29, 2020

The European Commission unveiled a revamped budget and recovery plan for the European Union (EU) this week, as the continent looks toward re-opening and beginning its recovery from the COVID-19 pandemic.  The United Kingdom (UK) also announced some lifting of restrictions this week.  The United States (US) Congress, meanwhile, has temporarily paused efforts on another … Continue Reading

COVID-19: US Developments, Implementation and Oversight of CARES Act – May 27, 2020

A tacit consensus seems to be emerging in Washington DC that another major federal COVID-19 relief package will be enacted this summer, but not negotiated until some time in mid-to-late June, as deadlines for the expiration of key CARES Act relief programs begin to loom. Republicans are testing the viability of economic measures that could … Continue Reading

COVID-19: US & EU Developments, Implementation and Oversight of CARES Act – May 26, 2020

The US House of Representatives returns to Washington this week, but negotiations aimed at forging a bipartisan consensus on the next federal COVID-19 response package are still weeks away. The Memorial Day holiday weekend brought a surge of activity by Americans who have been in lockdown for months and are yearning for a return to … Continue Reading

COVID-19: US Developments, Implementation and Oversight of CARES Act – May 22, 2020

  Speaking at a pre-Memorial Day event hosted by The Hill, US Treasury Secretary Steven Mnuchin said it will be “a few weeks” before the Trump Administration moves to negotiate with Congress on another large-scale coronavirus response bill, while conceding there is “a strong likelihood” such legislation will eventually be needed to support the struggling … Continue Reading
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